Exercise 1. Match personal nouns in the box with the correct definition.
| stockbroker, dealer (trader), asset manager, investor, shareholder, creditor, client, entrepreneur, merchant, director, economist, officials, intermediary |
1. An owner of shares in a company;
2. One of the committee of top managers who control a company;
3. A person or organization that put money in stocks in order to make a profit;
4. Someone who starts a company, arranges business deals, and takes risks in order to make a profit;
5. A person or business to whom another person or business owes money;
6. A person or organization whose job is to buy and sell shares, bonds, etc. for investors;
7. Someone who deals in shares, bonds, currencies, commodities on a a market either for himself or for a financial institution;
8. A person or organization that buys and sells goods or a particular type of goods;
9. Someone whose job is to manage money for investment so that it makes as much profit as possible;
10. A person or organization that helps to arrange agreements or business deals between other people or organizations;
11. Someone who studies the way in which wealth is produced and used in an area;
12. People who have responsible positions in organizations;
13. Someone who pays for services or advice from a professional person or organization.
Exercise 2. Introduce corresponding personal nouns into the text (initial letters and the ending of the plural form are given). Give the text the appropriate heading.
At a few minutes before ten on the morning of August 6th, some two dozen smartly attired men and women slowly assemble on the fourth floor of 101 Union Avenue in downtown Harare. They gather in a small room around a chain of wooden tables waiting for the start of the day’s trading on the Zimbabwe Stock Exchange (ZSE). In front of each (1) t______ is a numbered green rectangle, which marks his or her spot on the trading floor.
African stock markets have been hot this year in part because of growing interest from rich-world (2) i______s who want exposure to the continent’s fast-growing economies.
Each weekday morning a small group of (3) b______s gather around the tables for about an hour to trade stocks the old-fashioned way, by calling out “buy” or “sell” orders face to face. A (4) b______ who matches one of his (5) b______s with one of his (6) s______s can get two lots of fees.
The number of (7) b______s grew to handle extra trading. The adoption in 2009 of the US dollar as Zimbabwe’s main currency cured inflation and drew in foreign
(8) i______s for locals to sell to.
Each (9) t______ comes to the stock-exchange floor with orders to buy or sell that have been placed by (10) c______s either earlier that morning or after the previous trading day’s close. There are no telephones. (11) T______s are entrusted to get the best possible price for their (12) c______s.
The (13) b______ and (14) s______ scribble the details of the transaction onto their pads. Trading slips are collected every ten minutes or so by a (15) c______ and will be matched when the market closes. At 10.45 am the room suddenly falls silent. There is time for one final deal to be struck and then the (16) t______s drift quietly from the room.
Exercise 3. What do the following abbreviations mean? Fill in the missing letters.
1. FTSE Financial T_ _ _ _ S_ _ _ _ E_ _ _ _ _ _ _
2. NASDAQ N_ _ _ _ _ _ _ Association of S_ _ _ _ _ _ _ _ _ D_ _ _ _ _ _
A_ _ _ _ _ _ _ _ Q_ _ _ _ _ _ _ _ _ S_ _ _ _ _
3. DJIA D_ _ J_ _ _ _ Industrial A_ _ _ _ _ _
4. S&P 500 S_ _ _ _ _ _ _ & Poor’s 500
5. SSE Shanghai S_ _ _ _ E_ _ _ _ _ _
6. TSE T_ _ _ _ S_ _ _ _ E_ _ _ _ _ _
7.LSE L_ _ _ _ _ S_ _ _ _ E_ _ __ _ _
8. otc o_ _ _-the-c_ _ _ _ _ _
9. NYSE N_ _ Y_ _ _ S_ _ _ _ E_ _ _ _ _ _
10. IPO I_ _ _ _ _ _ P_ _ _ _ _ O_ _ _ _ _ _ _
11. GDP g_ _ _ _ d_ _ _ _ _ _ _ p_ _ _ _ _ _
12. plc p_ _ _ _ _ l_ _ _ _ _ _ c_ _ _ _ _ _
Exercise 4. Complete the table
| Verb | Personal noun | General noun | Adjective |
| 1. | Investor | ||
| 2. | own | ||
| 3. | liquidity | ||
| 4.finance | |||
| 5. | crediting | ||
| 6. | capitalist | ||
| 7.manage |
Exercise 5. Complete the following sentences using the verb “invest” and its derivatives in the appropriate form. The first one has been done as an example.
Why are shares, stocks and mutual funds popular?
Do you ever wonder why (1)investingis the best source to gain profit? In the world of business, one should be very clever and wise where to put and (2)_______ the money that would bring double or even triple money back and most importantly, the security of your (3)______. Speaking of (4)______, involves shares, stocks and mutual funds.
Mutual funds are one of the most popular choices in (5)______ today. Mutual funds a little easier to come by than most stocks and also allow (6)______ to build a slow and steady income for their retirement years.
Shares and stocks come hand in hand when we speak of (7)______. The stock of business entity represents the original capital paid into or (8)______ in the business by its founder. It is wise to be knowledgeable about business and (9)______.